Home sales climbed nearly 30% in October, the largest growth spurt in three years. The better news is that along with a volume increase, the average home price has also risen steadily by nearly 10%. The reasons for the growth are myriad: national economic concerns, still-low interest rates. But no matter how you slice it, the growth in price and reduction in volume is music to the ears of home owners considering putting their property on the market.
Adding to the improved activity in Dallas-Fort Worth sales, the scenarios where prospective buyers are entering the marketplace are including fewer and fewer distressed properties. Since the beginning of 2011, the monthly supply of foreclosed homes has fallen nearly 40%. With fewer “bargains” on the market, buyer expectations are also adjusting to elevated price points. Compared nationally, only the major cities in Colorado and Arizona have a lower monthly supply of distressed homes.
The major health indicators of the real industry are a vibrant marketplace of steadily increasing activity, more and more motivated buyers entering a “buy” phase, comparatively limited supply and demand that is growing ever more comfortable with elevated price points. Currently, Dallas-Fort Worth real estate is enjoying each of these indicators, suggesting that even at year’s end, there may be no better time to sell your home.
Please contact us for more information about Dallas real estate opportunities and mortgage information.
Author:Adrienne Sommerfeldt Phone: 214-733-0100 Dated: December 18th 2012 Views: 826 About Adrienne: Adrienne's real estate career began over fourteen years ago and today she is the glue that keeps The...
With over 20 years of experience (yikes, that makes us seem old) in Real Estate Sales and Contract Negotiation, The Key Group is the one-stop shop for all your Real Estate needs. If you are in the market to buy a new home, sell your current house, or invest in Real Estate, please contact us anytime!
The Key Group is a team of six licensed real estate agents working under the brokerage of Keller Williams Realty located in Dallas, TX near the intersection of Frankford and Preston.